Empower Advisory Group LLC Purchases 981 Shares of The Cigna Group (NYSE:CI)

Empower Advisory Group LLC increased its position in shares of The Cigna Group (NYSE:CI - Free Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,383 shares of the health services provider's stock after purchasing an additional 981 shares during the period. Empower Advisory Group LLC's holdings in The Cigna Group were worth $2,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Collier Financial bought a new stake in The Cigna Group in the 4th quarter valued at $32,000. ORG Wealth Partners LLC bought a new stake in The Cigna Group in the 4th quarter valued at $34,000. Prospera Private Wealth LLC bought a new stake in The Cigna Group in the 3rd quarter valued at $37,000. Compagnie Lombard Odier SCmA bought a new stake in The Cigna Group in the 4th quarter valued at $37,000. Finally, Harbor Capital Advisors Inc. bought a new stake in The Cigna Group in the 3rd quarter valued at $45,000. 86.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of The Cigna Group from $410.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Stephens reduced their target price on shares of The Cigna Group from $410.00 to $380.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reduced their target price on shares of The Cigna Group from $384.00 to $377.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Barclays dropped their price target on shares of The Cigna Group from $420.00 to $339.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Truist Financial dropped their price target on shares of The Cigna Group from $390.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, The Cigna Group currently has a consensus rating of "Buy" and an average target price of $373.69.

The Cigna Group Trading Up 0.1 %

The Cigna Group stock traded up $0.24 during trading hours on Friday, hitting $299.92. The company had a trading volume of 2,213,736 shares, compared to its average volume of 1,806,507. The firm has a market cap of $83.42 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.66. The Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83. The company has a 50-day moving average price of $285.99 and a two-hundred day moving average price of $319.78.

The Cigna Group (NYSE:CI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same quarter in the previous year, the firm earned $6.79 earnings per share. On average, sell-side analysts anticipate that The Cigna Group will post 29.77 earnings per share for the current year.

The Cigna Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from The Cigna Group's previous quarterly dividend of $1.40. The Cigna Group's dividend payout ratio is presently 45.75%.

The Cigna Group Company Profile

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.